Agenda - 09-01-20; 8-f - Fiscal Year 2020-21 Budget Amendment #1

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1 ORD-2020-020 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 1, 2020 Action Agenda Item No. 8-f SUBJECT: Fiscal Year 2020-21 Budget Amendment #1 DEPARTMENT: Finance and Administrative Services ATTACHMENT(S): INFORMATION CONTACT: Attachment 1 . Budget As Amended Paul Laughton, (919) 245-2152 Spreadsheet Gary Donaldson, (919) 245-2453 Attachment 2. Year-to-Date Budget Summary Attachment 3. List of CRF - Round 2 Funding Allocation Attachment 4. Letter of Request and Resolution from Town of Carrboro Related to the South Orange Fire Service District PURPOSE: To approve budget, grant, and capital project ordinance amendments for fiscal year 2020-21. BACKGROUND: Note: The term "Deferred Revenues" used in several of the items listed below is also known as unearned revenue or prepayments, and refers to revenue received in FY 2019-20 in advance of FY 2020-21. Deferred revenue is reserved and accounted for on the County's balance sheet as a liability to avoid expenditure in FY 2019-20. At the start of FY 2020-21, the deferred revenue is then recognized on the income statement as revenue. Non-Departmental — Coronavirus Relief Funding (CRF) - Round 2 1. Orange County has received its Round 2 State-wide per capital share of Coronavirus Relief Funding (CRF) in the amount of $2,881,614. Consistent with the Round 1 CRF allocation, the County will receive $1,671,336, and the municipalities of Chapel Hill, Carrboro, Hillsborough, and Mebane will receive a total of $1,210,278, based on a per capital allocation. This budget amendment provides for the receipt of these funds, and allocates the funds consistent with the Round 1 CRF Funding Plan as approved by the Board of Commissioners on May 19, 2020. (See Attachment 1, column #1 and Attachment 3)